Vatn Systems

Vatn is building fleets of autonomous underwater vehicles that can reach targets 1000+ miles away. They own the development cycle, allowing them to implement modern manufacturing and design techniques, resulting in Vatn SystemOne, a 6' torpedo at 1/10th the cost and moves at 2-3x the speed of the three leading competitor systems. They can also build in their proprietary navigation and swarming software while leveraging low cost commodity hardware to deliver large, attritable, autonomous swarms of torpedos, something that is not possible currently. Their big vision is to become a major underwater autonomy prime, replacing $14B attack submarines with fleets of autonomous torpedos. The current defense use cases extend to mass coordinated sensor deployments, undersea comms and pipeline defense or attack, targeting naval vessels or clearing underwater minefields other other heavily fortified oceanic defenses. This is an immediate and pressing need as the $4B naval stockpiles are outdated and require $400M of annual turnover. There is a direct $250M US naval annual budget for light/medium UAVs and $600M in 2024 US Navy torpedo requests that are going unfulfilled in anticipation of the escalating tensions in the South Chinese Sea.